Tidewater Reports Voting Results from its Annual General and Special Meeting held May 14, 2019 in Calgary, Alberta

Matters Voted Upon

Outcome of
Vote

Votes For

Votes Against or
Withheld, as
applicable

1.

To fix the number of directors
for the ensuing year at five.

Approved

99.98%

(233,139,475)

0.02%

(40,200)

2.

To elect directors for the ensuing
year as described in the Information Circular:

(a)  

Joel A. MacLeod                                                                             

Approved

99.95%

0.05%

(119,414)

(b)  

Doug Fraser

Approved

99.97%

0.04%

(233,097,435)

(82,240)

(c)  

Stephen J. Holyoake

Approved

99.86%

0.14%

(232,856,535)

(323,140)

(d)  

Margaret A. (Greta) Raymond                                                                        

Approved

98.17%

1.83%

(228,906,789)

(4,272,886)

(e)  

Robert Colcleugh

Approved

98.29%

1.71%

(229,188,289)

(3,991,386)

3.

To appoint Deloitte LLP as
auditors for the ensuing year
and to authorize the directors
to fix remuneration to be paid
to the auditors.

Approved

99.99%

(240,714,267)

0.02%

(58,188)

4.

To consider, and if thought fit,
approve, adopt and ratify, with
or without modification, the
ordinary resolution, as more
particularly set forth in the
Information Circular, relating
to approval of the
restricted share
unit plan of the Corporation and the
unallocated restricted share
units thereunder.

Approved
(conducted
by ballot)

86.56%

(202,353,001)

13.44%

(31,422,889)

5.

To consider, and if thought fit,
approve, adopt and ratify, with
or without modification, the
ordinary resolution, as more
particularly set forth in the
Information Circular, relating
to approval of the Amended
and Restated By-Law No. 1 of
the Corporation.

Approved

99.79%

(232,700,202)

0.21%

(479,473)